Federal Home Loan Bank of Dallas 8-K

What Happened
The Federal Home Loan Bank of Dallas filed an 8‑K (Item 2.03) on Feb 10, 2026, reporting consolidated obligation bonds committed to be issued with trade dates between Feb 4 and Feb 6, 2026. Schedule A lists multiple bonds for which the Bank is the primary obligor, including fixed‑rate callable bonds and a large short‑term variable floater. The filings are signed by Katie Watson, Vice President and Director of Financial Reporting.

Key Details

• Trade dates: Feb 4–6, 2026; various settlement and maturity dates listed in Schedule A.
• Largest commitment: a $1,000,000,000 non‑callable single‑index floater (variable) with terms described as Overnight SOFR plus 0.50 basis point (per the filing).
• Other notable bonds: $100,000,000 fixed 3.80% (maturing Feb 11, 2028); $20M and $15M fixed 5.00% issues; $10M fixed 5.50% (maturing Feb 18, 2056); several $15M issues (4.03% and 3.85%).
• Call features and styles vary (American, Bermudan); Schedule A excludes short‑term discount notes and does not cover any related derivatives or hedges.

Why It Matters
These consolidated obligations are the primary way the Bank raises debt funding; they are joint obligations of the 11 Federal Home Loan Banks and are backed only by the FHLBanks (not guaranteed by the U.S. government). The size, rates, maturities and callable features affect the Bank’s funding costs and upcoming interest/repayment schedule. Investors should note the filing’s disclosures that par amounts are principal figures (may differ from GAAP amounts), the Bank did not opine on materiality, and Schedule A does not include discount notes or any derivative positions potentially associated with these bonds.